Tuesday, October 23, 2018

Fraudulent Fowl

Have you ever wondered why eggs are packaged and sold by the dozen? The reason why actually dates back to the first century when an egg could be sold for a penny, or 12 for a shilling (which was equal to 12, or a...

Crystal Ball

Today’s “Fraud of the Day” is based on an article entitled, “Hermosa Beach ‘Psychic’ Sentenced For Tax Fraud,” posted on Patch.com. A Hermosa Beach man who is a self-proclaimed psychic was sentenced to six years in federal prison and his wife received two years behind bars for a filing fraudulent tax returns and passing bad checks in an effort to pay of their debts.

Reaping All the Benefits

The owner of a landmark Lake Norman restaurant was sentenced to eight months in prison followed by eight months of confinement in his Mooresville home for attempted tax evasion. Peter Gjuraj, 49, owner of the Blue Parrot Grill on N.C. 150 West in Mooresville, admitted to hiding about $2.8 million in income and filing false returns.

Turning Property Fraud Cases into Newly Found Revenue for Your Jurisdiction

State and local governments depend on revenue from property tax collection to provide many vital community services such as education, public works, public safety and social services. While most citizens are responsible and pay their taxes, there are others who don’t pay their fair share. When fraudsters evade tax and revenue departments by inaccurately reporting property values or usage, not filing taxes or engaging in other fraudulent activities, the result causes lost revenue and back taxes totaling millions of dollars.

In the Grand Scheme of Things

The self-proclaimed “Grand Sheik” of a Moorish temple in Chicago was sentenced to nearly six years in prison Friday for defrauding the IRS out of $3.2 million.

Pawning off the Kids

There are some parents who pawn their kids off to other relatives or friends to watch and take care of them as often as possible. Perhaps this is fun for grandparents who love to have their grandchildren visit on a regular basis, but today’s...

Scars of Poverty

The scars of childhood poverty can have a profound impact on a person as they age. Even though financial security may be achieved later in life, the effects of poverty experienced early in life are often long-lasting. This may have been the case for...

Fraud Playbook

Every football coach uses a playbook to help them formulate a winning game plan. Players study, memorize and practice the playbook 's offensive and defensive plays so they can beat their opponents. A North Carolina businessman, who ran two financial and investment services companies...

Alert to Looted Treasures

Listen to this Story Antiquities dealers who sell exotic works often acquire them from other countries. Collectors can write off the value of paintings that they donate to museums on their taxes. But what happens when dealers smuggle stolen...

A Little Adds Up

Listen to this Story Some people can't resist temptation. For the owners of a Lithonia, Ga., a trucking company, their fatal temptation was the very receipts their successful business received. The Atlanta Journal Constitution reports that between 2005 and...
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